FIDC, a self regulatory organisation, was formed by non-banking financial companies which are registered with the RBI and authorised to accept public deposits. The Council is essentially crafted to monitor and streamline the small and medium NBFCs into a systemised code of conduct. But it will also have the participation of the big NBFCs.

The main objective of FIDC is to work towards bringing discipline amongst FIDC members by enforcing a model code of conduct, besides presenting a unified face of this sector to the regulators and other authorities for more effective understanding of our problems and issues.